Opinions
Teal Linde
CIT Group Inc.
CIT-N
TOP PICK
Jun 22, 2020
It is basically all commercial banking, putting it down 50% in valuation. It could double when it recovers. The insiders were all buying stock back in March. (Analysts’ price target is $29.70)
$23.035
Stock price when the opinion was issued
finance
leasing
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Commercial lender. A way of really playing growth in the US on the financial services side. Good management. Bought a Canadian company (formerly Newport Credit) that was going bankrupt. The trick will be getting marginal borrowing rates down. In an economic recovery situation, it is leveraged to growth.
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